Adam Smith

Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations . What business does a government have in commerce and trade? Why would a government want to interfere between two countries benefiting from each other by trade? What right does the government have in two individuals wanting each other’s products or services? This is where the term laissez-faire is introduced. It’s direct translation in French, “leave alone to do”.
A strong believer in this type of economics is Adam Smith, both a philosopher a...